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First Solar Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Total Asset Turnover since 2006
- Price to Earnings (P/E) since 2006
- Price to Sales (P/S) since 2006
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Revenues as Reported
12 months ended: | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||||||
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Solar modules | |||||||||||
Solar power systems | |||||||||||
O&M services | |||||||||||
Energy generation | |||||||||||
EPC services | |||||||||||
Net sales |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
- Solar Modules Revenue
- The revenue from solar modules displayed a consistent upward trend throughout the analyzed period. Starting at approximately 1.46 billion USD in 2019, it increased steadily each year, reaching nearly 3.30 billion USD by the end of 2023. The most notable growth occurred between 2022 and 2023, where the revenue rose by over 35%, indicating a strong market demand or successful expansion in this segment.
- Solar Power Systems Revenue
- This category experienced a significant decline over the years. Revenue dropped sharply from around 1.15 billion USD in 2019 to under 20 million USD by 2023. The decrease was particularly steep between 2019 and 2022, eventually stabilizing at a low level. This indicates a substantial reduction or possible strategic withdrawal from this segment.
- O&M Services Revenue
- O&M services revenue showed a downward trend, decreasing from about 108 million USD in 2019 to less than 2 million USD by 2023. The decline was gradual but consistent, suggesting diminishing emphasis or challenges in sustaining this service line.
- Energy Generation Revenue
- Revenues from energy generation fluctuated somewhat but followed a generally declining trajectory. Starting at roughly 54.5 million USD in 2019, the figures dropped to negative territory by 2023, ending at approximately -19 thousand USD. This negative value implies operational losses or adjustments, highlighting potential issues in this division.
- EPC Services Revenue
- The EPC services segment showed extreme volatility with revenues of about 292 million USD in 2019, plummeting drastically to near zero and then negative values in subsequent years. The absence of data after 2021 suggests discontinuation or termination of reporting in this segment.
- Net Sales
- Overall net sales demonstrated variability. From a peak of approximately 3.06 billion USD in 2019, sales decreased to around 2.62 billion USD in 2022 before rebounding to approximately 3.32 billion USD in 2023. The recovery in 2023 appears to be driven largely by the strong performance in the solar modules segment, offsetting declines in other areas.